Duralex SCOP SA was founded on August 1, 2024, as a result of its employees’ desire to take control of their company.
144 employees, or 60% of the workforce
144 employees—representing 60% of the workforce—therefore acquired an equity stake on that date and became employee-owners. Each employee-owner, whether holding 10 or 100 shares of Duralex SCOP SA, has one vote at General Meetings.
How does it work?
The SCOP promotes a more democratic governance model when it comes to major decisions within the company.
On a day-to-day basis, our company operates under a hierarchical organizational structure organized by department, with management working to achieve the goals approved at the Annual General Meeting.
The General Meeting meets at least once a year to vote on:
- Approval of the financial statements
- Approval of new shareholders
- Key Strategic Priorities
- Major investment projects
- Profit distribution.
The General Meeting also elects the Board of Directors, whose role is to:
- Appoint the Chief Executive Officer of Duralex SCOP SA
- Monitor management's implementation of the strategy
- Share information about the company with the partners
- Organize General Meetings
The Board of Directors of Duralex SCOP SA was elected on October 25, 2024, for a four-year term and consists of 14 members representing a wide range of professions.
Testimonials
“Strength and perseverance can be sources of motivation, both personally and collectively. This is the spirit in which the SCOP has been working since early August to revitalize the wonderful Duralex brand. These values were what motivated me to take on the presidency of this cooperative.”
